Rehabilitated
For Sale
$274,900
615 Yvonne Street, New Iberia, LA 70560
Residential Income, New Iberia, LA
Property Size3,152 SF
Lot Size0.35 Acres
Price / SF$87.21
Days on Market51
Property Features for 615 Yvonne Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking
8
Parking features
Parking Lot
Patio and Porch features
Porch
Interior features
Walk-up Attic, Walk-up Attic
Exterior features
Lighting, Outside Light, Porch
Lot features
Corner Lot, Level, No Outlet Street
Elementary school
Call School Board
Middle school
Anderson
High school
West St Mary
Elementary school district
Iberia Parish
Middle school district
Iberia Parish
High school district
Iberia Parish
Directions
Continue to Chemin Metairie Rd, Follow Chemin Metairie Pkwy, US-90 E and LA-675/Jefferson Island Rd to Yvonne St in New Iberia 21 min (15.3 mi), Turn left onto Yvonne St
Subdivision
I2
Standard status
Active
APN
0502568500
Size
3,152 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
LOT 11 OF PLAT OF SURVEY MEASURING APPROX. 154' X 99'
Legal Description
LOT 11 OF PLAT OF SURVEY MEASURING APPROX. 154' X 99'
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
4
Flooring type
Tile, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Kristen Blanchard · License #0995698400
(361) 727-7271
Added: Aug 7
Changed: Sep 13
Last Checked: Sep 26 at 11:06AM
MLS# 2600007337
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains 3,152 square feet on a 0.35-acre lot, with every unit having undergone a complete rehabilitation. Interior finishes include tile and vinyl flooring, while central heating and central air provide building-wide climate control. The property also features a walk-up attic, porches, exterior lighting, a parking lot, public water, and brick construction.
All units are occupied under one-year leases, providing an established residential income configuration. The composition roof was replaced in 2018, and the property includes a natural gas heating system along with a composition roof and central air conditioning.
All units are occupied under one-year leases, providing an established residential income configuration. The composition roof was replaced in 2018, and the property includes a natural gas heating system along with a composition roof and central air conditioning.
Key Highlights
- 3,152‑square‑foot quadplex on a 0.35‑acre lot
- All units completed a full rehabilitation
- All units occupied with 1 year lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,480
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,600
$409.6K
Cap Rate 7%
$292,571
$292.6K
Cap Rate 9%
$227,556
$227.6K
Market Conditions
NOI Build-Up for 3,152 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.2K $10.20/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$29.3K $9.28/SF
− OpEx
−$8.8K −$2.78/SF
NOI
$20.5K $6.50/SF
Area
Iberia County, LA
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$409,600
Cap Rate 7%
$292,571
Cap Rate 9%
$227,556
Alternative Uses
Best Use
Multifamily LT 5
$292.6K
$256.0K – $341.3K
NOI $20,480 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$274.9K
$240.5K – $320.7K
NOI $19,243 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$521.3K
$456.2K – $608.2K
NOI $36,493 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated four-unit property with all residences occupied under one-year leases.
Where is this quadplex located?
The property is located at 615 Yvonne Street New Iberia, LA.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 3,152‑square‑foot quadplex on a 0.35‑acre lot; All units completed a full rehabilitation; All units occupied with 1 year lease
